Arrow Financial (AROW) executive compensation, 2026 proxy

David S. DeMarco, President and CEO, was paid $1.6M in 2025, up 27% from $1.2M the year before. The CEO-to-median-employee pay ratio was 25:1, on median employee pay of $62,443.

Filed
April 23, 2026
Annual meeting
June 3, 2026
Pay year
2025
Named executives
6
CEO total pay
$1.6M+27% vs prior year
CEO to median employee
25:1median $62,443
CEO pay in equity
15%$243,265 in awards
Prior say-on-pay support
93%of votes cast
CEO Target Bonus
50%Percentage of base salary
Maximum STIP Payout
150%Percentage of target opportunity
Net Income
$44.0MFor fiscal 2025

How DeMarco was paid

$1.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary46%Stock awards15%Non-equity incentive24%Pension and deferred comp11%All other compensation4%

Named executive officers

ExecutiveTotal
David S. DeMarcoPresident and CEO$1,572,406
Penko K. IvanovSEVP, CFO, Treasurer and CAO$787,036
Andrew J. WiseSEVP, CRO and Corporate Secretary$729,216
Marc J. YrshaSEVP and CBO$708,269
Michael J. JacobsEVP and CIO$470,629
Brooke M. PancoeEVP and CHRO$447,527

What changed and why

  • $1.6MDavid S. DeMarco received total compensation of $1,572,406 for fiscal 2025.
  • 3.00%CEO base salary increased by 3.00% to $715,850.
  • 93%Shareholders approved say-on-pay with 93% support at the prior meeting.
  • $44.0MThe company achieved net income of $44.0 million in 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.